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Trade Idea: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 10, 2016.

  1. Lily

    Lily Forum Member

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    Although cable has retreated again after faltering below minor resistance at 1.4243 and test of support at 1.4173 cannot be ruled out, break there is needed to signal temporary top has been formed at 1.4284 earlier this week, bring weakness to 1.4134-39 (previous support and 38.2% Fibonacci retracement of 1.3904-1.4284[​IMG]

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